NEWS
US fitness sector lost US$20bn in 2020 - but recovery is 'on the horizon'
POSTED 29 Jul 2021 . BY Tom Walker
The fitness sector's recovery has already begun, as restrictions are being lifted across the globe Credit: Shutterstock/Flamingo Images
The US fitness industry lost around 58 per cent of its revenues during 2020
The US market generated revenues of US$15bn during 2020 – down from US$35bn in 2019
Around 17 per cent of US health clubs were forced to close permanently during the pandemic
The report states that a bounce back will be a "long-term effort" across the global industry and uneven across fitness club segments
The US fitness industry lost around 58 per cent of its revenues during 2020, due to the pandemic and the subsequent lockdowns and club closures.

According to the The 2021 IHRSA Global Report, the US health club market generated revenues of just US$15bn in 2020 – down from the record US$35bn it created in 2019.

The report, published this month (July 2021), also estimates that around 17 per cent of clubs in the US were forced to close permanently due to the disruption.

According to the report, the sector's recovery has already begun, due to the lifting of lockdown measures across the globe.

The bounce back will be a "long-term effort", however, across the global industry – and will be uneven across fitness club segments.

Health clubs located in regions either less impacted by COVID-19 – or with access to adequate government relief – are positioned for an imminent recovery, the report says.

Kristen Walsh, the report's associate publisher, said: “This year’s IHRSA Global Report shows that despite the pandemic, the health club industry is positioned for growth as fitness businesses recover and consumers return to gyms and studios.

"As the report bears out, the public needs the environment and support club operators provide in improving the health of their communities.”

Jay Ablondi, IHRSA’s publisher and executive vice president of global products, added: "“Last year will go down in history as one of the most challenging for businesses globally, and the health and fitness industry in particular.

“However, the permanent closure of 17% of clubs in the U.S.—and even higher in some countries—has left a large segment of displaced members seeking new alternatives.

“Many surviving clubs in these markets have already seen significant increases in membership, outpacing pre-pandemic numbers. As we look to the future, all signs point to a strong comeback for the fitness industry.”

To access the full report, click here.
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - US fitness sector lost US$20bn in 2020 - but recovery is 'on the horizon'...
17 Sep 2021 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

29 Jul 2021

US fitness sector lost US$20bn in 2020 - but recovery is 'on the horizon'
BY Tom Walker

The fitness sector's recovery has already begun, as restrictions are being lifted across the globe

The fitness sector's recovery has already begun, as restrictions are being lifted across the globe
photo: Shutterstock/Flamingo Images

The US fitness industry lost around 58 per cent of its revenues during 2020, due to the pandemic and the subsequent lockdowns and club closures.

According to the The 2021 IHRSA Global Report, the US health club market generated revenues of just US$15bn in 2020 – down from the record US$35bn it created in 2019.

The report, published this month (July 2021), also estimates that around 17 per cent of clubs in the US were forced to close permanently due to the disruption.

According to the report, the sector's recovery has already begun, due to the lifting of lockdown measures across the globe.

The bounce back will be a "long-term effort", however, across the global industry – and will be uneven across fitness club segments.

Health clubs located in regions either less impacted by COVID-19 – or with access to adequate government relief – are positioned for an imminent recovery, the report says.

Kristen Walsh, the report's associate publisher, said: “This year’s IHRSA Global Report shows that despite the pandemic, the health club industry is positioned for growth as fitness businesses recover and consumers return to gyms and studios.

"As the report bears out, the public needs the environment and support club operators provide in improving the health of their communities.”

Jay Ablondi, IHRSA’s publisher and executive vice president of global products, added: "“Last year will go down in history as one of the most challenging for businesses globally, and the health and fitness industry in particular.

“However, the permanent closure of 17% of clubs in the U.S.—and even higher in some countries—has left a large segment of displaced members seeking new alternatives.

“Many surviving clubs in these markets have already seen significant increases in membership, outpacing pre-pandemic numbers. As we look to the future, all signs point to a strong comeback for the fitness industry.”

To access the full report, click here.



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
EGYM secures US$41m growth equity investment led by Mayfair
EGYM secures US$41m growth equity investment led by Mayfair   17 Sep 2021

EGYM has completed a US$41m Series E financing round led by Mayfair Equity Partners, a leading tech and consumer growth investor. Following the .... more>>
Stunned silence greets Nadine Dorries' appointment as 10th culture secretary in 10 years
Stunned silence greets Nadine Dorries' appointment as 10th culture secretary in 10 years   17 Sep 2021

Nadine Dorries has replaced Oliver Dowden as the Secretary of State for Digital, Media, Culture and Sport in the UK – becoming the 10th person to hold .... more>>
Apple moves into the group exercise market
Apple moves into the group exercise market   16 Sep 2021

In a major move against the gym market, Apple has revealed a number of upgrades to its Fitness+ platform, coinciding with the launch of its new Apple .... more>>
Doctors in Belgium prescribe museum visits for patients struggling with pandemic stress
Doctors in Belgium prescribe museum visits for patients struggling with pandemic stress   16 Sep 2021

Patients treated for stress in the Belgian capital Brussels will be offered free visits to museums, as part of a three-month trial designed to rebuild .... more>>
Hamlet, Robin Hood and Marie Curie inspire sauna masters at Aufguss World Championships 2021
Hamlet, Robin Hood and Marie Curie inspire sauna masters at Aufguss World Championships 2021   15 Sep 2021

Last week marked the eighth annual Aufguss World Championships, hosted in one of the world’s biggest saunas in Katowice, southern Poland. Aufguss is .... more>>
CIMSPA partners with Google and Joe Wicks on digital marketing hub
CIMSPA partners with Google and Joe Wicks on digital marketing hub   15 Sep 2021

Physical activity professionals in England will soon be able to access free, one-to-one learning with Google to get their digital marketing strategies .... more>>
Company profile


Mediana Co., Ltd.

Mediana specialises in the manufacture of medical and health care devices, such as body composition analysers, monitors/defibrillators, AEDs and patient monitors, which are exported all over the world.

View full profile>>

Catalogue gallery


Featured Supplier

Red Raion presents Moby Dick – Friends to the rescue! at IAAPA Expo Barcelona

Red Raion presents Moby Dick – Friends to the rescue! at IAAPA Expo Barcelona

Red Raion, the CGI studio specialising in media-based attractions, will be attending this year’s IAAPA Expo Europe. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Fitness Motivator
Salary: Competitive
Location: North Solihull
Company: Everyone Active
Duty Manager
Salary: Competitive
Location: North Solihull
Company: Everyone Active
Operations Assistant
Salary: Competitive salary
Location: Lutterworth, UK
Company: Everyone Active
Diary dates
Powered by leisurediary.com

15-17 Sep 2021

5th Annual SWAA Conference 2021

Virtual Conference, Kenya



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Restaurants: Sharing the love
Famous restaurants are popping up in unexpected places. We found out more More>>
  Tourism: Transforming Istria
In Istria, Croatia, tourism firm Maistra is changing the face of hospitality in the region, with a series of intriguing design-led hotels. As its most ambitious hotel project takes shape, Professor Terry Stevens finds out more More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Sports: Play to the crowd
When public sector budgets are tight, crowdfunding is an attractive option More>>
  Interview: Tony Butler
Derby Museums Trust executive director delivers social justice in museums More>>


Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd